Finance News – Senate
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Treasury Secretary Bessent says stablecoins are debt relief engine as Senate readies to vote on GENI...
Treasury Secretary Scott Bessent highlighted that approving proposed legislation could leverage stablecoins to reduce government borrowing expenses and manage the expanding nationa...
Read Full Article →JP Morgan Exec Wary of 'Overcrowding' Stablecoin Market as Bank Registers JPMD Trademark
JP Morgan highlights concerns about the stablecoin sector's saturation, emphasizing potential financial risks as significant banks monitor impending regulatory decisions and legisl...
Read Full Article →How Senate GOP 'no tax on tips' proposal differs from House Republican plan
The Senate’s approach to exempting gratuities from taxation presents variations that could impact revenue collection and economic behavior differently compared to the earlier House...
Read Full Article →Solar Stocks Sink as Senate Maintains Full Removal of Clean-Energy Tax Credits
The decision by the Senate to eliminate clean-energy tax incentives has led to a notable decline in the market value of companies involved in solar energy production and related in...
Read Full Article →Solar stocks plummet as Senate version of Trump's tax bill cuts renewable energy incentives
The potential elimination of renewable energy incentives by 2028 in the Senate’s tax proposal has led to a notable decline in the market value of companies involved in solar power.
Read Full Article →Walmart & Amazon eye $14B in savings by launching corporate stablecoin
Walmart and Amazon's plan to introduce their own digital currencies could result in substantial cost reductions as new federal laws provide clearer guidelines for privately issued...
Read Full Article →Senate confirms Billy Long as next IRS Commissioner. What taxpayers might expect amid agency cutback...
The appointment of Billy Long as IRS Commissioner may influence how the agency manages resources and processes taxpayer obligations during upcoming financial adjustments and budget...
Read Full Article →Bank of America eyes dollar-pegged stablecoin amid Senate fast-tracking GENIUS Act
Bank of America’s initiative to develop a stablecoin linked to the US dollar could impact digital payment systems and regulatory frameworks, depending on future governmental guidel...
Read Full Article →Senate’s 68-30 cloture vote speeds GENIUS Act toward simple majority passage
The recent Senate decision effectively reduces procedural barriers, potentially accelerating approval of legislation aimed at regulating digital currency innovation in the United S...
Read Full Article →Senate Begins Passage of Stablecoin Bill as House Marks Market-Structure Wins
The Senate’s advancement of legislation related to digital currencies, alongside the House’s recent regulatory achievements, signals potential shifts in market oversight that could...
Read Full Article →Brian Quintenz’s $3.4M crypto stash — will the Senate block his CFTC comeback?
Brian Quintenz’s substantial cryptocurrency holdings and connections to prominent firms may influence Senate deliberations on his appointment to lead the Commodity Futures Trading...
Read Full Article →House Ag Committee Advances Market Structure Bill, Other Crypto Actions Pending
The simultaneous progress of legislative measures in both the House and Senate could impact cryptocurrency market regulations, potentially influencing investment strategies and the...
Read Full Article →State of Crypto: How Crypto Legislation Is Advancing
Upcoming legislative actions on stablecoins and market regulations are poised to influence the cryptocurrency industry’s financial environment, potentially affecting investment str...
Read Full Article →Senator Lummis says new Fed vice chair appointment signals ‘brighter future’ for crypto
The designation of Michelle Bowman as Federal Reserve Vice Chair for Supervision may influence regulatory frameworks and potentially enhance investment confidence within the digita...
Read Full Article →Why millions of Americans would lose health insurance under House GOP megabill
If the proposed legislation passes, a significant number of Americans could face disruptions in their health coverage, potentially impacting access to medical services and financia...
Read Full Article →Fed’s Bowman confirmed as vice chair for supervision; Lummis calls it a win for crypto
The Senate’s approval of Michelle Bowman as the Federal Reserve’s vice chair for supervision highlights a key leadership change that could influence financial regulatory policies,...
Read Full Article →Senate pushes Russia tariffs that could jack up energy prices for American consumers
New tariffs targeting Russian imports have the potential to increase costs for energy suppliers, which may lead to higher expenses for American households on fuel and electricity i...
Read Full Article →Sen. Ron Johnson rips into 'immoral' GOP spending bill: 'I can't accept it'
The recently approved budget bill, which has drawn strong opposition from some senators like Ron Johnson, carries significant fiscal implications that could impact government spend...
Read Full Article →California assembly passes bill to allow crypto payments to state
The approval of this legislation enables state departments to receive digital currency as payment, potentially increasing transactional options and influencing the adoption of cryp...
Read Full Article →Stablecoin Bills in House and Senate Still Need to Mesh on Several Points: French Hill
The ongoing discussions around U.S. stablecoin legislation highlight the importance of clear regulatory authority and international cooperation to ensure market stability and prote...
Read Full Article →Trump slams GOP Sen. Rand Paul for opposing 'big, beautiful bill' due to $5 trillion debt ceiling hi...
Trump's criticism of Senator Rand Paul highlights internal GOP tensions as leadership seeks support for legislation that would significantly increase the national debt limit and fu...
Read Full Article →Crypto lobby pushes Senate to pass stablecoin bill without debate
The expedited approval of the stablecoin legislation may impact credit card transaction costs, potentially influencing financial market stability and the regulatory environment for...
Read Full Article →Crypto Lobbyists Urge U.S. Senators to Dodge Distraction in Stablecoin Debate
Industry representatives emphasized the importance of maintaining legislative focus to ensure that stablecoin regulations are crafted efficiently, potentially impacting financial m...
Read Full Article →Child tax credit debate could get 'really interesting' as Senate weighs Trump's mega-bill, expert sa...
The potential modifications to the child tax credit within the Senate’s consideration of a major legislative package may have important economic impacts for families and influence...
Read Full Article →House GOP passed trillions in tax cuts. How Trump's 'big bill' could change in the Senate
The proposed legislation aims to reduce taxes by trillions of dollars, with potential modifications expected as it moves through the Senate for further consideration.
Read Full Article →As Congress returns, here’s where the Senate could make changes to the GOP’s megabill
As lawmakers reconvene, the Senate’s potential modifications to the large legislative package could impact budget allocations and economic priorities, influencing the overall fisca...
Read Full Article →In Final Days of Senate Stablecoin Debate, Trump's Crypto Ties to Remain in Spotlight
As the Senate approaches a crucial vote on stablecoin legislation, scrutiny of Donald Trump's connections to cryptocurrency is likely to increase through proposed changes to the bi...
Read Full Article →Washington moves on crypto: Stablecoin and blockchain bills signal regulatory momentum
The recent legislative progress introduces clearer oversight and operational standards for digital currencies, potentially enhancing investor confidence and shaping the future econ...
Read Full Article →What’s in the GOP tax bill? An $815 tax cut for middle-class households — and $44,000 for millionair...
The proposed legislation would deliver substantially larger tax reductions to the wealthiest individuals while providing more modest relief to middle-income families, highlighting...
Read Full Article →Stock Market Today: Stocks Chop After House Passes Trump's Tax Bill
The recent legislative approval has created uncertainty among investors, resulting in mixed trading activity as market participants await further developments in the Senate.
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